Social media changed everything from the use of stories to shop. Now, Dub thinks it can do the same for investing in the influence of the influence when users can follow a few trading of investors. Think about it as Tiktok meets Wall Street.
It was established by Steven Wang 23-year-old Harvard who started investing in the second grade for his parents’ blessing – the DUB The investment future does not mean that shareholds. The app allows users to follow the techniques of traders, gate money, and those who imitate the highest politicians. Instead of making individual trading decisions, Dub users can copy all portfolios.
The idea has hit the chord. The Dub has already passed 800,000 downloads and raised $ 17 million to seed support – in a new cycle appears to have fun. It is a bit clear that Dub can avoid the first fines of the previous Fintech.
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Sales investing has changed significantly over the past two decades. The $ 7 Days Trading and Tourizers of the fruit vendors were exploded in about ten years ago with the first platforms that match people to sell. At the same time, communication sources re-use people, and especially Gen Z members, especially making financial decisions.
As a Harvard Student during the epidemic – he would trade in his dorm room “because you couldn’t do anything at school” – Wang believed in the two ways, investing progressively, investing. the course of a collision. Between Gamestop Saga, ELON MUSK’S Power “Submitting Dogecoin Marketes and Bitcoin markets and all the ways,” Wang decided to sleep full ideas, “Wang decided to sleep in 2021 and started building a Dub.
Currently, medium-term stage user is between 30 and 35, said Wang, although New York-based Dub best finds his way before the small audience. In short weeks, the 15-year-old editor asking many times about “investing as Nancy Posi” after amazing to the Dub ads in Instagram.
Pelosi is not dealing with Dub; It is just a trader in the platform by ignoring his exposed ignition. Nevertheless, the vision grabbed the fire. “Nancy Pelosi is 123% in Dub carrying a real capital, and also made our customers million because the mistake is introduced on the platform.”
DUB is free. Wang was willing to produce the startup, and the Dub did that today with a $ 10-subscription model. Wang says that some “higher” portfolios of the administrative system is taking 25% cutting of these funds.
In the meantime, Dub has been in part of organic growth. “The good dealers that are good for the application encourages to bring their listeners,” Wang said, who cares for the elderly Chinese elderly parents in Detroit.
DUB also invests for advertising advertising, depending on meta ads especially to find users, including Instagram. “We were really lucky when I think the number of American broadcasters really believed that some people there are the border with the investment country,” Wang said.
Fighting words
The question is now that Dub will follow the same way with other fines that grow rapidly, many of them find them in controlled cross crossings. Cursing incentives by doing free trade, but also faced the control of its 2021 control, eventually set up the users with digital confetti.
Dub says he is suspended to avoid similar mistakes. The company has spent more than two years of work with Finra and the SEC before introduction, to ensure its model is in line with financial policies. “We did not just navigate the Proced Regulation – we were surprised,“Wang says. (As a taxi, Dub is a completely broker-licensor.)
The main difference, you’re arguing, that Dub is designed to educate users, not just to encourage blind guesses. Platform shows risk scores, risk-adjusted restoration, metric metric metrics to help investors make informed decisions, he said.
You suggest that it is safe for investors than a criminal. Said Wang: “I have a lot of respect for that [CEO] Stranger [Tenev] You have done it in making free trade. But at the end of the day, making traditional trade without the guidance of a scholar, without educational, gambling in people do not. ”
To emphasize his point, Wang Points in Criminal Decision – and Coinbase and other exchange – Memely Coin Trump is available to customers before President Donald’s. While at first came in price, her price has dropped since. Wang says, “I’m basically thinking about the things that have been illuminated among these large public companies now that they need money” and “their customers ‘lose money.’
. .)
Any way, not everyone has been sold in the dub. The great knock against such platforms, said the cases of the innocent investment local, later, the lessons that the most managed failed to beat the S & P 500.
It is the standard criticism of normal – and when they rushed back. In some cases, you show that such many lessons are “cherry.” (“I bet most of those sponsored by investment companies only,” he said.)
In addition, Wang said, there is a reason for a mobile financial deal like Citadel. “When you look at the rich, the rich can do, they give their money to Ken Griffin of Citadel, [because] He sets out in a yearly Related Year of the year, “he said.
If you are widely “looking at the growth bag of pegetage and property management,” ongoing Wang, there is a reason for growing. It is because they make money to their customers. “
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